Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Crunchbase
Buying a home is one of the biggest, and most expensive, decisions in a person’s life. Over the past year or so, we’ve written about a slew of startups that have developed technology aimed at making the process smoother and cheaper in one way or another.
PR Web
LightBox, a leading provider of CRE data and workflow solutions, and First Street Foundation, a nonprofit 501(c)(3) research and technology group, announced a partnership today that will provide new data and analytic capabilities to support the valuation, underwriting, and assessment of commercial and residential property risk due to natural flood-related disasters.
Bisnow
A chasm is widening between owners and occupants of office real estate around the country. Though the coronavirus pandemic has thrust thousands of companies into remote work, office landlords are counting on most of them eagerly returning to their now-deserted offices. Given how well many companies report the forced experiment has gone, data shows that many tenants won’t be obliging.
The New York Times
Office buildings once filled with employees emptied out in many cities and states as shelter-in-place orders were issued. These structures, normally in constant use, have been closed off and shut down, and health risks might be accumulating in unseen ways.
The Real Deal
Stay Alfred, a hospitality startup that raised $62 million, is closing its doors for good. Ending weeks of speculation and rumor, CEO Jordan Allen said revenue dried up during the coronavirus pandemic, and in March, the firm failed to raise $30 million in funding that would have let it stay open.
Planned Companies
NJTV Business Corespondent Rhonda Schaffler interviews Planned Companies’ CEO Rob Francis about his company’s history, being the fourth generation of his family to run the business and the work they have been doing during the COVID-19 pandemic.
PlaceTech.
What are the immediate common interest implications for landlords and tenants of shopping centres and retail parks? Dominic Hordern explains. The government has set out a loose timetable for the reopening of currently closed retailers from 1 June. Retailers will need to carry out risk assessments and be “Covid-19 Secure”.
AXIOS
Facebook is launching a new online shopping marketplace called Facebook Shops, CEO Mark Zuckerberg announced Tuesday. Why it matters:To date, most Facebook commerce has taken place between users via its Marketplace tab, a Craigslist-like feature, but Facebook Shops is at the center of its push to create an e-commerce platform for businesses….
PR Web
Real estate investment firm KPG Funds today announced the launch of “Frictionless Forever” at 446 Broadway – L’Atelier. The First Frictionless office building in NYC will have the following “hands free“ features: An Openpath Mobile Access Control System, which features a front door card reader which you access from your smartphone and automatically opens the door as well as elevator floor-by-floor and stair tower control readers for secure access.
Crunchbase
Storied investor Steven Dietz‘s earliest investments were in two businesses that are household names today: Costco and Starbucks. As one of three founders of Upfront Ventures, he subsequently went on to back PetSmart, Ulta Beauty and Office Depot (among others) during his time at the Santa Monica, California-based venture firm.
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